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EURUSD+DXY correlation and the impact of Economic stimulus packages in USA
During the great recession in America the President Mr. George W. Bush government
geared up to manage the recession and planned a economic stimulus package which
is called as e Economic Stimulus Act-2008 which helped the USA economy to rebound. And in 2009
President Barack Obama entered office, he signed the American Recovery and Reinvestment Act (ARRA) of 2009 in response to the Great Recession.
As the pandemic spread across the USA in this year the President. Trump government has also signed a unemployment benefits package to hope up with the general economic halt. This kind of deficit financing and stimulus packages will weaken the USD and the stocks will rally massively on the upside. EURUSD and other major pairs are the beneficiaries. DXY will be in downtrend
If we looked at the monthly chart of DXY,EURUSD the trendiness was broken and we may expect a retest play on both EURUSD as well as DXY
Disclaimer
Its a forecast of the next expected moves Not a financial advice
EURUSD+DXY correlation and the impact of Economic stimulus packages in USA
During the great recession in America the President Mr. George W. Bush government
geared up to manage the recession and planned a economic stimulus package which
is called as e Economic Stimulus Act-2008 which helped the USA economy to rebound. And in 2009
President Barack Obama entered office, he signed the American Recovery and Reinvestment Act (ARRA) of 2009 in response to the Great Recession.
As the pandemic spread across the USA in this year the President. Trump government has also signed a unemployment benefits package to hope up with the general economic halt. This kind of deficit financing and stimulus packages will weaken the USD and the stocks will rally massively on the upside. EURUSD and other major pairs are the beneficiaries. DXY will be in downtrend
If we looked at the monthly chart of DXY,EURUSD the trendiness was broken and we may expect a retest play on both EURUSD as well as DXY
Disclaimer
Its a forecast of the next expected moves Not a financial advice
